Shiba Inu’s native blockchain, Shibarium, has begun testing transactions which might have a significant impact on the coin’s price. This development is in line with the Shiba Inu ecosystem’s plans to create its own layer 2 blockchain solution, showing a promising future for the digital token. The Shibarium project is led by an anonymous developer known as “Ryoshi” and aims to reduce transaction costs on the Ethereum network, which currently hosts the Shiba Inu token.
The Shiba Inu community is eagerly keeping an eye on the progress of the Shibarium project as it could potentially drive the token’s price upwards. The Shiba Inu coin has been making significant strides in the crypto market, with its price predicted to soar once Shibarium becomes fully operational. As a blockchain that aims to provide faster and cheaper transactions, Shibarium could indeed bring more utility and value to the Shiba Inu token, thereby influencing its market position positively.
